Published
September 26, 2024
Gifting and accessories retailer Archies has reported Rs 6 crore in sales through quick commerce platforms including Swiggy Instamart, Zepto, and Blinkit. The business expects continued growth in the category and has a target of Rs 15 crore to Rs 18 crore in quick commerce sales in the 2025 financial year.
“Our quick commerce partnerships are just the beginning as we look to combine speed with the emotional connection that Archies has always represented,” said Archies Limited’s executive director Varun Moolchandani, Indian Retailer Bureau reported. Archies aims to grow its quick commerce business by between 150% and 180% and tap into the increasing consumer demand for swift e-commerce deliveries.
Archies is not only looking to quick commerce to drive growth. The business is eyeing international expansion and aims to launch in global markets including the UK, Canada, the Middle East, and Southeast Asia to reach new customer demographics.
Archies has a history of around 45 years and an established brick-and-mortar presence in India. The business plans to continue to expand its retail footprint in the country and open between 15 and 20 new stores by the end of the current fiscal year. These brick-and-mortar outlets will mainly be located in North India in a mix of malls and on high streets.
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